Legacy Reserves Inc., an independent energy company, engages in the acquisition, development, and production of oil and natural gas properties in the United States. It focuses on the horizontal development of unconventional plays in the Permian Basin and the management of shallow-decline oil and natural gas wells in the regions of Permian Basin, East Texas, Rocky Mountain, and Mid-Continent. As of December 31, 2018, the company had proved reserves of approximately 164.9 million barrels of crude oil equivalent covering natural gas, as well as oil and natural gas liquids. Legacy Reserves Inc. was founded in 2005 and is based in Midland, Texas.

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Community Sentiment

Legacy Reserves has received 54.44% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Legacy Reserves and other stocks. Vote “Outperform” if you believe LGCY will outperform the S&P 500 over the long term. Vote “Underperform” if you believe LGCY will underperform the S&P 500 over the long term. You may vote once every thirty days.

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Legacy Reserves (NASDAQ:LGCY) Frequently Asked Questions

How were Legacy Reserves' earnings last quarter?

Legacy Reserves Inc (NASDAQ:LGCY) announced its earnings results on Wednesday, October, 31st. The oil and gas producer reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.69. The oil and gas producer earned $145.21 million during the quarter, compared to analysts' expectations of $143.40 million. Legacy Reserves had a negative return on equity of 4.82% and a negative net margin of 18.46%. View Legacy Reserves' earnings history.

Has Legacy Reserves been receiving favorable news coverage?

Press coverage about LGCY stock has been trending extremely negative this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Legacy Reserves earned a coverage optimism score of -5.0 on InfoTrie's scale. They also gave news articles about the oil and gas producer a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the next several days. View the latest news aboutLegacy Reserves.

What is Legacy Reserves' stock symbol?

What is Legacy Reserves' stock price today?

One share of LGCY stock can currently be purchased for approximately $0.04.

How big of a company is Legacy Reserves?

Legacy Reserves has a market capitalization of $4.59 million and generates $554.86 million in revenue each year. The oil and gas producer earns $43.83 million in net income (profit) each year or $0.18 on an earnings per share basis. Legacy Reserves employs 337 workers across the globe.